Investments and shares

Organo gold

Q: Is it haraam to earn an income from organo gold? It works a lot like blessings/rewards for say teaching quraan and that knowledge being passed on and you getting rewards for that from Allah. In addition to your normal profit of buying and selling, you will get a commission from the company when you bring people on to your team and tutor them and you keep working together and then they brings others and they tutor and work together, the people do not loose money to you for this tutoring and help but the company pays you a commission for this continuous advertising and tutoring you do for others and then they do for others and so on, to keep promoting their company. Is this a haraam income?

Investing in a bank

Q:

1. My question is, is investing in a commercial bank shares allowed? Halaal or haraam?

2. If someone gets dividends from investment on Banks share, can he/she make Sadqaa of this amount or can spend any charity work?

3. If someone thinks before investment in bank shares if he gets profit or dividend he/she will spend all the money for Sadqaa or any charity work. Is this situation is allowable / legal Islamic point of view?

Retirement plan

Q: When I started working, I took out an educational plan for my children. However, they misinterpreted my plan for a retirement plan. Am I allowed to use the money from this retirement plan even though the intention was for an educational plan?

Interest bearing transaction

Q: I have an idea to build a website that has the following process:

1. The people invest in my website

2. I Invest this money on other things

3. I have profit with this money

4. I give the money back to him/her For Example: Someone invest $10 in my website, then I re-invest this money on other websites. I have $25 in revenues, then I give to him/her $11 back. The main goal is that I want the people invest in my website, then they will have a secure profit, for example for each $10 they invest i will give to him/her $1 profit. The problem is that I don't know if that is haram because the interest or if it is, please give me a way to make it halaal.